Bamco Inc. NY Lowers Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bamco Inc. NY reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,636 shares of the semiconductor company’s stock after selling 4,057 shares during the period. Bamco Inc. NY owned approximately 0.06% of Monolithic Power Systems worth $21,431,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. HB Wealth Management LLC boosted its position in Monolithic Power Systems by 15.5% in the 4th quarter. HB Wealth Management LLC now owns 783 shares of the semiconductor company’s stock valued at $494,000 after buying an additional 105 shares during the last quarter. CoreCap Advisors LLC purchased a new position in Monolithic Power Systems in the 4th quarter valued at about $225,000. Raymond James & Associates boosted its position in Monolithic Power Systems by 15.2% in the 4th quarter. Raymond James & Associates now owns 72,619 shares of the semiconductor company’s stock valued at $45,807,000 after buying an additional 9,576 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Monolithic Power Systems by 2.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,045 shares of the semiconductor company’s stock valued at $10,121,000 after buying an additional 322 shares during the last quarter. Finally, Great Lakes Retirement Inc. purchased a new position in Monolithic Power Systems in the 4th quarter valued at about $236,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $769.40, for a total value of $1,000,220.00. Following the sale, the executive vice president now owns 206,418 shares in the company, valued at $158,818,009.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the transaction, the chief financial officer now owns 75,723 shares in the company, valued at $50,226,308.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deming Xiao sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $769.40, for a total transaction of $1,000,220.00. Following the transaction, the executive vice president now owns 206,418 shares in the company, valued at approximately $158,818,009.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,709 shares of company stock worth $75,968,818. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems Trading Up 4.0 %

NASDAQ MPWR traded up $31.88 during trading hours on Friday, reaching $821.78. The company’s stock had a trading volume of 627,371 shares, compared to its average volume of 495,650. The business has a 50-day simple moving average of $804.78 and a 200 day simple moving average of $721.30. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $891.67. The stock has a market cap of $40.00 billion, a PE ratio of 97.95, a PEG ratio of 4.11 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.61%. Monolithic Power Systems’s payout ratio is currently 59.59%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MPWR shares. Oppenheimer upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. KeyCorp increased their price target on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Finally, Truist Financial increased their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $806.13.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.